Secondary cost elements are like production costs, material overheads, production overheads, they can be created and administered in only CO. These are used in internal cost allocation, overhead calculation, settlement transactions., it does not flow to FI.
When cost element … Read More
What is Alternative Payee in SAP?
/0 Comments/in FI (Financial Accounting), SAP Overview, SAP Training Tutorials /by YasoThe Alternative Payee in SAP can make payment to a vendor other than the one to which the invoice was posted. The payment is made to an alternative payee, which must be specified in the master record.
You can specify … Read More
Terms of Payment and Cash Discount: Overview
/0 Comments/in FI (Financial Accounting), SAP Overview, SAP Training Tutorials /by YasoWhat is the mean by Cash Discount?
Cash Discount is a reduction in the price of an item for sale, allowed in those cases when payment is made within a stipulated period. In a business scenario, the cash discount will … Read More
How to Create Activity types [KL01] in SAP?
/0 Comments/in FI (Financial Accounting), SAP Overview, SAP Training Tutorials /by YasoSAP Activity types are activities provided by a cost center. They are measured in units of time or quantity. Activity quantities are valued using a price. For e.g. Activity types are used to allocate machine cost from Machine cost center … Read More
Extended Withholding Tax Configuration and Settings
/0 Comments/in FI (Financial Accounting), SAP Overview /by YasoExtended Withholding Tax: SAP system provides two procedures for processing withholding tax; the “Standard” and the “Extended” withholding tax. We’ll walk you through on the basic configuration steps of the latter procedure.
Extended Withholding Tax Ssettings
1. First, Check … Read More
Create Statistical Key Figures in SAP Settings
/0 Comments/in FI (Financial Accounting), SAP Overview, SAP Training Tutorials /by YasoTo Create Statistical key figures relating to cost centers, profit centers, and overhead cost orders. statistical key figures may also be a value representing the services provided by one particular cost center.
Statistical key figures are represents activities or statistics … Read More
How to define Standard Hierarchy in SAP?
/1 Comment/in FI (Financial Accounting), How-to Topics, SAP MM (Materials Management), SAP SD (Sales and Distribution) /by YasoYou can create or change cost centers either using the relevant menu entry or directly in the standard hierarchy maintenance function.
Cost Centers that are created or changed from within the standard hierarchy have the status ‘Inactive’, that is, they … Read More
How to do Secondary Cost Elements in SAP?
/0 Comments/in FI (Financial Accounting), How-to Topics, SAP Overview /by YasoSecondary cost elements are like production costs, material overheads, production overheads, they can be created and administered in only CO. These are used in internal cost allocation, overhead calculation, settlement transactions., it does not flow to FI.
When cost element … Read More